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we hear plenty of ideas about what it takes to stimulate the economy or help the economy improve whether it's that the government needs to spend to make up for what the consumer isn't spending or whether it's the government know we need to cut spending to shore up the budget and get rid of some of these deficits or the magnitude of them or that you need tax cuts to stimulate the economy now all of these are driven by economics theory by economists and their models but you argue that they're kind of a core problem which is that you can't really separate policy prescriptions from ideology of whoever that economist is or that school of thought is that giving the policy prescriptions so how so like explain that and also you know where does reality fit in. those who know the one and i think the sort of the. economic that we're the big we have you know that you have this movie. made up of really depends who you are who they call out in the mall and it's basically the guys that are in chicago the first one guy when he bought the saltwater guys were there long guys all the. numbers and the two s
we hear plenty of ideas about what it takes to stimulate the economy or help the economy improve whether it's that the government needs to spend to make up for what the consumer isn't spending or whether it's the government know we need to cut spending to shore up the budget and get rid of some of these deficits or the magnitude of them or that you need tax cuts to stimulate the economy now all of these are driven by economics theory by economists and their models but you argue that they're...
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Jan 12, 2013
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there are a lot of things in the economy where we know know this is where the economy is going. we want to do it faster, but in a sustainable way. the united states should want to lead in how we do that. >> in the politics of abundance, there are several instances where you saved the president could act on his own without congressional approval. what are some of those instances? >> for example, in the area of education, the sector of education -- it is a question of how we accelerate it? the president working with the department of education could create a data exchange system that allows us to personalize education. there is a similar thing with healthcare. the president could use executive authority and lay the foundation and act to accelerate that movement to the digital platform. >> where does congress come in? >> in a number of places. at the end of the book, we lay out for trades we think congress could take part. one is related to the broadband area. there was a ceo council that suggested that there are trillions of dollars of savings if the government moved all of its bu
there are a lot of things in the economy where we know know this is where the economy is going. we want to do it faster, but in a sustainable way. the united states should want to lead in how we do that. >> in the politics of abundance, there are several instances where you saved the president could act on his own without congressional approval. what are some of those instances? >> for example, in the area of education, the sector of education -- it is a question of how we...
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Jan 14, 2013
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and so there's a lot of things if the economy where we know this is where the economy is going. we want to do it faster, but we also want to do it in a sustainable way, and the united states should want to lead in how we do that. >> host: mr. levin, in "the politics of abundance," there's civil instances where you say the president could act on his own without congressional approval. what are some of those instances? >> guest: we lay out, for example, in the area of education we -- i think the secretary of education, arne duncan, has done a great job laying the foundation, and now it's just a question of how do we accelerate it. and the things where the president, working with the department of education, could, for example, create a data exchange system which allows us to both digitize and personalize education. very similar kind of thing in health care. and so there are all kinds of different things that the president using executive authority as, in fact, they have laid the foundation for already, could act to really accelerate that movement toward the digital platform. >> ho
and so there's a lot of things if the economy where we know this is where the economy is going. we want to do it faster, but we also want to do it in a sustainable way, and the united states should want to lead in how we do that. >> host: mr. levin, in "the politics of abundance," there's civil instances where you say the president could act on his own without congressional approval. what are some of those instances? >> guest: we lay out, for example, in the area of...
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Jan 11, 2013
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. >> a severe blow to both the national and local economies with the military being very hard hit. we'll be hearing a lot more about this one in the weeks ahead, and it it could affect all of our pocketbooks. gary nurenberg is here with more. >> reporter: derek and anita, the fiscal cliff really isn't behind us. it's just lurking in the shadows waiting for three guaranteed congressional fights. automatic spending cuts known as sequestration still kick in unless congress stops them. the country is approaching the debt limit and it won't be able to spend any more sometime next month unless congress raises the debt ceiling. and government agencies are only funded until march unless congress gives them more money, they're essentially out of business. >> the fact is looking at all three of those, we have no idea what the hell is going to happen. >> reporter: the defense secretary is seriously worried. >> this fiscal uncertainty has become a very serious threat to our national security. >> reporter: and fears the pentagon will be forced to make budget cuts -- >> which is to hollow out th
. >> a severe blow to both the national and local economies with the military being very hard hit. we'll be hearing a lot more about this one in the weeks ahead, and it it could affect all of our pocketbooks. gary nurenberg is here with more. >> reporter: derek and anita, the fiscal cliff really isn't behind us. it's just lurking in the shadows waiting for three guaranteed congressional fights. automatic spending cuts known as sequestration still kick in unless congress stops them....
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we're moving from an industrial economy to a finance based economy and in that plan as based economy basically the people who run and control finance are skimming whatever they want off the top and screwing the rest of us. yes that's exactly what's happening and if the idea that you can make money on finance without production without producing an economic surplus without a market of labor buying the products that it produces you're going to have a shrinking shrinking show that the u.s. economy is going to end up looking like greece or ireland or iceland or where the air which are held up is models for what we can do right now there is a lot of discussion about why can't america tightness belts like we'll let you hear well if america was like latvia and imposed austerity budget surplus you would have to have twenty million americans between the age of twenty and thirty five emigrate to other countries or are they going to emigrate they don't even teach girls yeah so it's not canada canada won't take them and mexico doesn't need them and. so how do you expect this to play out over the
we're moving from an industrial economy to a finance based economy and in that plan as based economy basically the people who run and control finance are skimming whatever they want off the top and screwing the rest of us. yes that's exactly what's happening and if the idea that you can make money on finance without production without producing an economic surplus without a market of labor buying the products that it produces you're going to have a shrinking shrinking show that the u.s. economy...
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Jan 13, 2013
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do something good for the economy. get a flu shot. all right. ha hal chicken, we appreciate speaking with you. >>> there was no lone gunman. we have heard that claim before about the assassination of jfk. for the first time, confirmation what his brother, bobby, thought so too. that story ahead. >>> millions of women made this book their guilty pleasure, now 50 shades of grey is a musical. i'm not kidding you. >>> and go inside the golden globes. talking the stars, the parties and, of course, the gowns. officeyour business needs...k... at prices that keep you...out of the red. this week get a bonus $15 itunes gift card with any qualifying $75 ink purchase. find thousands of big deals now... at officemax. so if ydead battery,t tire, need a tow or lock your keys in the car, geico's emergency roadside assistance is there 24/7. oh dear, i got a flat tire. hmmm. uh... yeah, can you find a take where it's a bit more dramatic on that last line, yeah? yeah i got it right here. someone help me!!! i have a flat tire!!! well it's good... good for me. what
do something good for the economy. get a flu shot. all right. ha hal chicken, we appreciate speaking with you. >>> there was no lone gunman. we have heard that claim before about the assassination of jfk. for the first time, confirmation what his brother, bobby, thought so too. that story ahead. >>> millions of women made this book their guilty pleasure, now 50 shades of grey is a musical. i'm not kidding you. >>> and go inside the golden globes. talking the stars,...
WHUT (Howard University Television)
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Jan 11, 2013
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WHUT
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we were navigating through this terribly difficult economy. we went through a horrible spell around the debt ceiling fight. and after that, you know, there were a lot of people who doubted that he could win. so for all those reasons this was in some ways more satisfying even than the last one. >> the romney people thought for a while that they would be able to say he's a nice guy but he's just not able to accomplish things, that was a team that-- theme that they tried out to do. >> yeah. >> the nice guy part got lost but they did make the other case. look, i have some sympathy for them. one of them, let me say after the campaign when you get a chance to know the people on the other side, and we've been in forums together and so on. they are coming out to my institute in february, it is, you know, i appreciate them for being in the arena, for caring deeply about the country, caring deeply about their candidate. but one of them said you know when we started, unemployment was at 10.2%. and you know, the case was a pretty easy to make. you know wh
we were navigating through this terribly difficult economy. we went through a horrible spell around the debt ceiling fight. and after that, you know, there were a lot of people who doubted that he could win. so for all those reasons this was in some ways more satisfying even than the last one. >> the romney people thought for a while that they would be able to say he's a nice guy but he's just not able to accomplish things, that was a team that-- theme that they tried out to do. >>...
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Jan 12, 2013
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that transition will be beneficial to the afghan people and will not have adverse effects on afghan economy and the prosperity that we have obtained. we also discussed the issue of the election in afghanistan and the importance of election for the afghan people, with the hope that we will be conducting a free and fair election in afghanistan where our friends in the international community and the united states will be assisting in conducting those elections. of course, where afghanistan will have the right environment for conducting elections without interference and without undue concern. we also discussed in a bit of detail and in the environment that we have all aspects of the bilateral security agreement between afghanistan and the united states, and i informed the president that the afghan people already have given their approval to this relationship and value it as one that is good for afghanistan. in that context, the bilateral security agreement is one that the afghan people approve, and i am sure we will conduct it in detail where both the interests of the united states and the in
that transition will be beneficial to the afghan people and will not have adverse effects on afghan economy and the prosperity that we have obtained. we also discussed the issue of the election in afghanistan and the importance of election for the afghan people, with the hope that we will be conducting a free and fair election in afghanistan where our friends in the international community and the united states will be assisting in conducting those elections. of course, where afghanistan will...
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Jan 7, 2013
01/13
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economy in terms of jobs being created. and yes, they are still being created in this slow recovery. it's not all that spectacular though. market strategist from bmo global asset management brent schutte is here. you always have some good read on these numbers. give us a breakdown for the data that came out for december. > > sure. expectations had risen a little bit after last thursday's adp report, which showed 215,000 employees added. but all in all, 155,000 that were added last month on the non-farm payrolls report was about in line with the original consensus expectations. manufacturing was pretty strong, adding about 25,000 jobs. and surprisingly construction added about 30,000, which may be some of the impacts of sandy rebuilding starting to filter into these numbers. > healthcare, food services up, even while we have government jobs, those numbers are going down still. > > sure. for the year government jobs actually contracted. earlier on in the recovery, or before the recovery actually, private jobs were actually co
economy in terms of jobs being created. and yes, they are still being created in this slow recovery. it's not all that spectacular though. market strategist from bmo global asset management brent schutte is here. you always have some good read on these numbers. give us a breakdown for the data that came out for december. > > sure. expectations had risen a little bit after last thursday's adp report, which showed 215,000 employees added. but all in all, 155,000 that were added last month...
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Jan 10, 2013
01/13
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chief of staff jack lewis is the next treasury secretary the president praised him for helping help the economy streamlined the government and is described as a tough negotiator. he would replace timothy who wants to leave the administration. she made her decision over the holidays with her family and is also out of the white house president barack obama called her a tireless champion she is the first hispanic woman to serve in the presidential cabinet. beyonce will perform the national anthem kelly clarkson will sing my country to is of the end james taylor will perform america the beautiful. president obama was involved in the selection of the musicians. the pregnant duchess of cambridge spend time with family royal watchers are left to get what she got from prince william, apparently sources say he is buying a house. we're looking at some interesting weather coming up over the next two or three days. we have 50 we are back down to 35 degrees at the moment. computer models show the moisture coming up we could see rain and perhaps even thunderstorms. on saturday, still cloudy but saturday even
chief of staff jack lewis is the next treasury secretary the president praised him for helping help the economy streamlined the government and is described as a tough negotiator. he would replace timothy who wants to leave the administration. she made her decision over the holidays with her family and is also out of the white house president barack obama called her a tireless champion she is the first hispanic woman to serve in the presidential cabinet. beyonce will perform the national anthem...
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Jan 8, 2013
01/13
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economy. these are different conversations. when we talk about the government shutdown as a result of breaching the cliff, this is on obligations already made, dollars already spent. the conversation that we need to have or include here is reining in future spending which is what the republicans are trying to do at this point. >> what do you think, steve? have we already seen damage to the economy with all this uncertainty and questions surrounding the debt ceiling and the fiscal cliff, or is there a point that you believe the debt ceiling fight damages the economy? >> i think we're already there, and i think you only need to look back at what happened a year ago or in the summer of 2011 when we hit that ceiling, and, in fact, even paying for it, maria, had a little spike in interest rates that went along with that. had to issue some debt that's still outstanding according to the budget priority center, costing us 18 billion over the last ten years in just in debt costs alone but because it's hurting us right now, maria, doesn'
economy. these are different conversations. when we talk about the government shutdown as a result of breaching the cliff, this is on obligations already made, dollars already spent. the conversation that we need to have or include here is reining in future spending which is what the republicans are trying to do at this point. >> what do you think, steve? have we already seen damage to the economy with all this uncertainty and questions surrounding the debt ceiling and the fiscal cliff,...
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Jan 7, 2013
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take things out of the economy now. the deal we passed is retraction nar to the government by 0.6 percentage points. so if a gdp rate that isn't that high. there's already a fiscal cap in place on federal spending. there's a fiscal contraction in place right now. so the truth is from fiscal policy point of view on the current state of the economy with gdp gap of 6%, we are taking spending power out of the economy. yes the tax deal did that. the issue about the long run is we do not want the government to be competing with the private sector for barrowing when capital markets are tight. right now the federal government can borrow at less than 2%. right now we have, for example, a $2.3 trillion deficit in infrastructure. why aren't we investing in infrastructure right now? why aren't we borrowing to build our future? that is separate from whether we decide now on a change in the retirement age for one of our n entitlement programs. >> let's answer that question. what do you think? i mean, do you think part of this is the
take things out of the economy now. the deal we passed is retraction nar to the government by 0.6 percentage points. so if a gdp rate that isn't that high. there's already a fiscal cap in place on federal spending. there's a fiscal contraction in place right now. so the truth is from fiscal policy point of view on the current state of the economy with gdp gap of 6%, we are taking spending power out of the economy. yes the tax deal did that. the issue about the long run is we do not want the...
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Jan 14, 2013
01/13
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i personally believe the presidents that responsibility to protect the economy. and he can't mess around with these republicans who are threatening not to pay the bills of the country. we're not talking about spending. we're talking about paying bills that -- money that has already been spent that we're obligated to pay. there would be a ripple effect globally that would be insurmountable if we don't go down the road of paying the bills. i think the president has to draw the line there and be strong. he's got the people with him. that's the other thing. i think it's important that we focus on that. >> certainly political capital spent from getting re-elected to a second term. gregory, i want to show everybody the letter that ed mentioned that was sent to president obama on friday. in part saying, we believe you must be willing to take any lawful steps to ensure that america does not blake its promises and trigger a global economic crisis. without congressional approval, if necessary. basically recommending the 14th amendment. >> i think two important points here.
i personally believe the presidents that responsibility to protect the economy. and he can't mess around with these republicans who are threatening not to pay the bills of the country. we're not talking about spending. we're talking about paying bills that -- money that has already been spent that we're obligated to pay. there would be a ripple effect globally that would be insurmountable if we don't go down the road of paying the bills. i think the president has to draw the line there and be...
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Jan 11, 2013
01/13
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on wall street today, stocks and the global economy. china showing an increase according to the dow jones. closing at the highest level in five years. the nasdaq is up 19. on the big board, more than 4 billion shares. price of oil is up, closing just under $94 per barrel. the ten-year treasury 10 year treasury closing up 1.89%. talk about a day of good news. automakers announcing they will be hiring a lot of white-collar workers this year. ofetting the good news, american express thing that will lay off its workers . wells fargo kicking off earnings tomorrow for the biggest stock of the day. up next, america's tattoo culture. what is going on? some people call it human graffiti. what compels the youth to do this to their picture picture-perfect bodies. we will discuss that with doctor robbie ludwig. and tax cuts for the middle class and the fiscal cliff. class and the fiscal cliff. that will come up next in [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket
on wall street today, stocks and the global economy. china showing an increase according to the dow jones. closing at the highest level in five years. the nasdaq is up 19. on the big board, more than 4 billion shares. price of oil is up, closing just under $94 per barrel. the ten-year treasury 10 year treasury closing up 1.89%. talk about a day of good news. automakers announcing they will be hiring a lot of white-collar workers this year. ofetting the good news, american express thing that...
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Jan 8, 2013
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mean, let's say we've got a slow, anemic economy. you've got some of these issues around the dysfunction in washington. do you put credence into harry's call that we're going to see a crash second half of the year? >> i'm in agreement with what rick said. i do think that structurally we have problems. i just don't agree with the time frame. i think that this is going to take a long time to play out in the system. i don't see a massive bubble and a catalyst for that bubble bursting. what i do see is that we've got companies who have a perception now of certainty even though there really isn't any, but they will probably be putting some capital back to work that's been amassed on their balance sheets. we have consumers who have been de-leveraging so they have some credit to spend, so i think we'll see things going up and getting more frothy before we end up seeing a crash. so i do think that there is something down the road, but i certainly don't see it in the third quarter. >> harry, what's the biggest risk then to your forecast? what
mean, let's say we've got a slow, anemic economy. you've got some of these issues around the dysfunction in washington. do you put credence into harry's call that we're going to see a crash second half of the year? >> i'm in agreement with what rick said. i do think that structurally we have problems. i just don't agree with the time frame. i think that this is going to take a long time to play out in the system. i don't see a massive bubble and a catalyst for that bubble bursting. what i...
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Jan 14, 2013
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road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. >>> the president is starting off the new year ready to fight. now, he's taking on republicans who are threatening to let the government default on his loans. the president's message to republicans at a news conference today w
road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right...
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Jan 13, 2013
01/13
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CSPAN2
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during the nights and weekends he mastered the books and studied astronomy, political economy and philosophy while some of his friends believed that his marriage and have your palm he would have been satisfied as a country lawyer had he married a woman of more angelic temperament, he speculated he would have remained at home more and less inclined to mingle with people outside. in other words that the bond between lincoln and married in as strong as that between edward and juliet, surely it was not. lincoln might have become a domestic man directing his best energy to his wife and his to children. but the speculation in my judgment denies everything we know of lyndon's for the ambition. and ambition that carried him against all odds to a successful lawyer to a brilliant politician to the presidency of the united states command in visiones we have seen that was our land when he was only 23-years-old the desire to be by fellow man by rendering himself worthy of their esteem. indeed even more important for lincoln that the congeniality of life on the circuit and the opportunity that it provide
during the nights and weekends he mastered the books and studied astronomy, political economy and philosophy while some of his friends believed that his marriage and have your palm he would have been satisfied as a country lawyer had he married a woman of more angelic temperament, he speculated he would have remained at home more and less inclined to mingle with people outside. in other words that the bond between lincoln and married in as strong as that between edward and juliet, surely it was...
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Jan 12, 2013
01/13
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the 2013 ram 1500 with best-in-class fuel economy. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. [ ryon ] eating shrimp at red lobster is a fantastic experience. 30 shrimp for $11.99. i can't imagine anything better. you're getting a ton of shrimp and it tastes really good! [ male announcer ] hurry in to red lobster's 30 shrimp for just $11.99! choose any two of five savory shrimp selections like mango jalapeÑo shrimp and parmesan crunch shrimp. two delicious shrimp selections on one plate! all with salad and unlimited cheddar bay biscuits. 30 shrimp, just $11.99 for a limited time. wow, that's a lot of shrimp. i'm ryon stewart i'm the ultimate shrimp lover, and i sea food differently. [ ♪ theme music ♪ ] >> gavin: we're back with baseball legend willie mays. there is a lot, 24 all star games. why not a 25th? what happened? you get close a few times? >> 24 all-star games. the way i got that. they were playing two games in one season to get money for the i guess for the guys who never got retired or something
the 2013 ram 1500 with best-in-class fuel economy. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. [ ryon ] eating shrimp at red lobster is a fantastic experience. 30 shrimp for $11.99. i can't imagine anything better. you're getting a ton of shrimp and it tastes really good! [ male announcer ] hurry in to red lobster's 30 shrimp for just $11.99! choose any two of five savory shrimp selections like mango jalapeÑo shrimp and...
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Jan 11, 2013
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we must get this economy moving faster. growth of one and a half or percent is simply not acceptable. it won't produce jobs. america needs the revenues the government must have to reduce trillions and trillions of dollars of deficits. congress and the administration must focus their attention on this critical priority. every bill that is considered, every regulation that is written, every negotiation that is held, everything our elected and appointed officials do or say must be shaped in large part by these simple questions. what does it mean for jobs? what does it mean for growth? do avance our job and growth agenda, the chamber will continue to strengthen and improve i.t. as an organization and as an influential force and as a powerful brand at home and around the world. we will, of course, expand our grassroots networking of small businesses. free enterprise advocate and federations of chamber and industry groups. while gearing up and refreshing our political program for the next election cycle. we're going deep our benc
we must get this economy moving faster. growth of one and a half or percent is simply not acceptable. it won't produce jobs. america needs the revenues the government must have to reduce trillions and trillions of dollars of deficits. congress and the administration must focus their attention on this critical priority. every bill that is considered, every regulation that is written, every negotiation that is held, everything our elected and appointed officials do or say must be shaped in large...
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Jan 11, 2013
01/13
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FOXNEWS
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people here said global economy might be stronger than any one thought. the dow closed up roughly 80 points yesterday. futures indicating we mrv another strong day in washington -- i mean new york. never have a strong day in washington. we will have opening day until 9:30 this morning. 401 k is doing pretty well. today you can thank the chinese. don't always thank the chinese. >> things are lacking good on the other side huge rounds of layoffs on top of morgan stanley announcing layoffs and there are big issues with the economy when the finance hal companies start saying we have to scale back. >> one reason the banks aren't making the kind of money the way they used to make money. they used to charge you and me a lot on credit cards venl they are cutting back. more than stanley laid off 1600 people. morgan stanley said they would layoff 1500 people. changes in the way credit card companies as well as banks can make money. wells far -- wells fargo talked about theirs and will they eliminate banks? >> they are usually 6 months to a year ahead of the rest of
people here said global economy might be stronger than any one thought. the dow closed up roughly 80 points yesterday. futures indicating we mrv another strong day in washington -- i mean new york. never have a strong day in washington. we will have opening day until 9:30 this morning. 401 k is doing pretty well. today you can thank the chinese. don't always thank the chinese. >> things are lacking good on the other side huge rounds of layoffs on top of morgan stanley announcing layoffs...
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Jan 14, 2013
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the president warns against the prospect of what he called republicans holding the economy hostage. over the debt ceiling. it was the primary focus of the last news conference of his first term. we have fox team coverage. seep your political analyst brit hume will have analysis of that event. correspondent shannon bream tells us about another big topic today. gun control. we begin with white house correspondent wendell goler on the partisan tone over the debt. good evening, wendell. >> good evening. >> bret: the party that doesn't control the white house is rarely happy about raising the debt ceiling. >> reporter: recent years a genuine threat not to do so. >> raising the nation's debt ceiling, the president told reporters is a necessity caused by spending in the past. not something to trade with congress for spending cuts in the future. >> they can act responsibility, and pay america's bills. or act irresponsibly and put america through economic crisis. >> treasury secretary geithner says accounting maneuvers let us hold out till march and obama suggested he is prepared to hold out
the president warns against the prospect of what he called republicans holding the economy hostage. over the debt ceiling. it was the primary focus of the last news conference of his first term. we have fox team coverage. seep your political analyst brit hume will have analysis of that event. correspondent shannon bream tells us about another big topic today. gun control. we begin with white house correspondent wendell goler on the partisan tone over the debt. good evening, wendell. >>...
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Jan 14, 2013
01/13
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and what is its impact on the economy and productivity. joining me now is hudson institute senior fellow and former health and human services. nice to have you back. do we have a gauge as to how much this flu will cost the busy con my in businesses? >> unfortunately costing businesses about $10.4 billion. that is real cash it will cost businesses. on the other hand, while businesses need to get work done, they need to be careful not to force people to come to work, spread it, and make it worse. >> a lot of people want it hang on to their jobs. the economy is recovering but we are not back to the best employment yet. a lot of employees feel they have to come in no matter what. >> the truth is, you learned all the things you need to learn in kindergarten. wash your hands well, cough into your sleeve. if you're sick, don't go to sleeve or work. it does put people into a bind and we know it is a tough situation. >> this flu seemed to come earlier than in the past. is that the case? >> we're not sure it is that much worse than other flu seasons
and what is its impact on the economy and productivity. joining me now is hudson institute senior fellow and former health and human services. nice to have you back. do we have a gauge as to how much this flu will cost the busy con my in businesses? >> unfortunately costing businesses about $10.4 billion. that is real cash it will cost businesses. on the other hand, while businesses need to get work done, they need to be careful not to force people to come to work, spread it, and make it...
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ashley: is europe's economy gaining strength? we hear it all the time. ever more advisors thinks so and this is creating a once in a generation opportunity for investors to jump in. that's great but where? we'll ask him next. sandra: what opportunities will earnings season bring? we have an analyst ready to share a few surprises so you can prepare your portfolio. keep it here on fox business she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime thmoment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, ke needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol i
ashley: is europe's economy gaining strength? we hear it all the time. ever more advisors thinks so and this is creating a once in a generation opportunity for investors to jump in. that's great but where? we'll ask him next. sandra: what opportunities will earnings season bring? we have an analyst ready to share a few surprises so you can prepare your portfolio. keep it here on fox business she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction -...
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you know, just giving that person unemployment benefits doesn't stimulate the economy, it hurts the economy. lowering that payroll tax, i believe, hurts the economy, raising it back up is what should be done. charles: okay, but what about the fact that the economy is going to be slower? we already have a very sluggish recovery. >> we have a horrible recovery. >> as it stands, where do we go from here, art? you know this better than anyone. what's the scenario? if democrats stick to their guns here and they don't, listen, and they don't do anything with respect to real honest to goodness spending cuts, where are we going to go? >> they're going to melt in the next year and a half, charles. you know, they're in a very untenable position. they tone this economy, the worst recovery ever. they've just pushed tax hikes on the people who make all the decisions which is really silly. the highest income earners not only pay the taxes themselves, they employ everyone else. why would they want to employ other people if they're the not going to be able to profit from it? so the silliest thing was raisi
you know, just giving that person unemployment benefits doesn't stimulate the economy, it hurts the economy. lowering that payroll tax, i believe, hurts the economy, raising it back up is what should be done. charles: okay, but what about the fact that the economy is going to be slower? we already have a very sluggish recovery. >> we have a horrible recovery. >> as it stands, where do we go from here, art? you know this better than anyone. what's the scenario? if democrats stick to...
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economy. a study from the federal reserve bank in new york show them spending 28 percent of the payroll tax cut more than necessary to expend from the tax cuts. while the tax cuts led workers to mostly pay down debt following by increasing consumption they suggest the expiration will lead workers across demographic groups. the fed also notes how people plan to respond to the situation may be different than what they actually do. hard to tell how people will actually react to all of this. everyone's taxes are going up and for many they can consider last year's raise yet another donation to uncle sam. >> diane macedo from fox business. thank you so much. 14 minutes before the hour. we will tell you this. why diet soda could be bad for your health and it has nothing to do with your wasist line. >> do you have to fold your clothes a certain way if someone else folds them you have to redo them. is this normal or just nuts. first we check with brian kilmeade from fox and friends. >> i like to ball u
economy. a study from the federal reserve bank in new york show them spending 28 percent of the payroll tax cut more than necessary to expend from the tax cuts. while the tax cuts led workers to mostly pay down debt following by increasing consumption they suggest the expiration will lead workers across demographic groups. the fed also notes how people plan to respond to the situation may be different than what they actually do. hard to tell how people will actually react to all of this....
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george washington it may be horrible for the economy. but george washington said the problem with a democracy is that the people can't see it until they feel it. let's just let it happen and then maybe finally people will go wait, we have a problem here and maybe we have to do something about it. >> suppose we let it happen. >> suppose we default on our debt. i don't want to. i don't think it is good for the us. suppose nothing happens and maybe that is the best possible thing. >> absolutely not. it would have terrible global ram ramifications. you are telling the rest of the world that this country doesn't pay it's commitments. congress need to take up the issues among themselves. >> the point you have dodged is the senate won't take up the issue and they won't give you a money and financial and spending blueprint. i don't know how you do a sequester if the chamber won't play by the rules. >> i want to say that the senate democrats lead by harry reid did pass a budget and that has been the baseline for spending. so that is the budget th
george washington it may be horrible for the economy. but george washington said the problem with a democracy is that the people can't see it until they feel it. let's just let it happen and then maybe finally people will go wait, we have a problem here and maybe we have to do something about it. >> suppose we let it happen. >> suppose we default on our debt. i don't want to. i don't think it is good for the us. suppose nothing happens and maybe that is the best possible thing....
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economy. so you get a shocking europe and sentiment tanks. you get good news from europe and sentiment picks up. what we've found is that the strategies that companies are actually following, much less volatile and we've seen a steady drift over the last two years towards the defensiveness. so the paradoxes that corporates are more upbeat than a year ago, but actually, the way they're running this balance sheet is more defensive. so they're more focused on cost control, more focused on building up cash. >> what are they going to do with that cash? you know, not investing it in large sway and there are a number of, you know,Ñ.ñ investo that have come around. might well start to climb back their stock if they kaevent find anything to do with it. >> i think what we're seeing is that corporates have strong balance sheets. and one of the reasons sentiment is fairly strong at the moment is they have decent balance sheets. i think that what happened in 2011 a recovery was derailed by the euro crisi
economy. so you get a shocking europe and sentiment tanks. you get good news from europe and sentiment picks up. what we've found is that the strategies that companies are actually following, much less volatile and we've seen a steady drift over the last two years towards the defensiveness. so the paradoxes that corporates are more upbeat than a year ago, but actually, the way they're running this balance sheet is more defensive. so they're more focused on cost control, more focused on building...
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tell me about the los angeles economy specifically. you said you think the economy overall is getting better. what about l.a.? >> l.a. is doing a lot better. unemployment is down. it's now in single digits versus double digits in the past. we've got a number of major construction projects, including our museum, including things happening at the airport and elsewhere. there are lots of companies coming to los angeles. there are a lot of people from los angeles wanting to move downtown to grand avenue where all the activity is. >> indeed. well, when you open the museum, we'd love to come do "power lunch" from that beautiful site. thanks so much for joining us, mr. broad, good to see you again. >> good to be with you. >>> following the breaking news we topped our hour with, another boeing 787 in trouble. we'll have the latest on that. the financial industry regulatory authority expanding its oversight into private trading venues called dark pools. all the buzz down here. we're back in a minute. [ male announcer ] staples is the number-one
tell me about the los angeles economy specifically. you said you think the economy overall is getting better. what about l.a.? >> l.a. is doing a lot better. unemployment is down. it's now in single digits versus double digits in the past. we've got a number of major construction projects, including our museum, including things happening at the airport and elsewhere. there are lots of companies coming to los angeles. there are a lot of people from los angeles wanting to move downtown to...
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chinese exports, china is a huge economy and they are exporting in december and exports were up 14.1% in december. that was much greater than the analysts thought. the experts thought it would be 4%. on the flip side, china was importing goods at 6%. the global economy was thought to be stronger than people like me on tv have been telling. >> you when i was growing up, you had to clean your plate and not waste food. boy, how times have changed according to a new study apparently. >> this comes out of london and it is the institution of mechanical engineers. they found that roughly half of the world's food is just wasted. when you think about how many people are country in different countries and how expensive food is getting, they hooked at all of this and in developed countries like the united states and the unite kingdom, we waste food because, when you go to the grocery store, it doesn't look good enough to sell so they throw it out like the blemish on the apple, no good. in developing countries, ethiopia, places like that, the rice harvest in parts of southeast asia, up to 80% of
chinese exports, china is a huge economy and they are exporting in december and exports were up 14.1% in december. that was much greater than the analysts thought. the experts thought it would be 4%. on the flip side, china was importing goods at 6%. the global economy was thought to be stronger than people like me on tv have been telling. >> you when i was growing up, you had to clean your plate and not waste food. boy, how times have changed according to a new study apparently. >>...
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president. >> that's right. >> rose: let me talk about the economy and the growth of the economy. does -- look at experience in europe, look at what britain has done and look at germany and -- is austerity bad for growth? >> in the short term it is very hard to argue that austerity is a financial crisis. you look at any lesson in history, look at us in the depression, the fame strategy of liquidate the farmers. you look at the fact that the new deal-- though not enough-- made a huge difference, look at what the stimulus spending of the war did, look in this cycle. europe has struggled with its austerity. the u.s., which has done more stimulus, has done better, china which has done much more stimulus has done better. so in the short term although there are caveats it's hard to argue that austerity has a better record in responding to crises. but you can't simply do deficit spending forever and i think it's hard to argue that some massive government presence in the economy is a good long-term strategy. there's a reason market economies have won out over time so finding that balance
president. >> that's right. >> rose: let me talk about the economy and the growth of the economy. does -- look at experience in europe, look at what britain has done and look at germany and -- is austerity bad for growth? >> in the short term it is very hard to argue that austerity is a financial crisis. you look at any lesson in history, look at us in the depression, the fame strategy of liquidate the farmers. you look at the fact that the new deal-- though not enough-- made...
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economy. so wouldn't it be just like the current thinking in washington and the cast of characters there if they could mint a coin they could spend that could solve the problem. believe it or not, some serious people are asking, why not? our report tonight from nbc's kevin tibbles. >> one fight down is another taken up. >> reporter: deadlock in washington? again? >> take all the fights we had, and put them all in one fight. >> some are even threatening another government shutdown. >> reporter: how to solve it. ♪ what if we simply minted a platinum trillion-dollar coin? not entirely new, the trillion-dollar bill was introduced on "the simpsons." >> ooh, a trillion-dollar bill, that's a spicy meatball. >> reporter: still it is an idea getting a lot of currency online. petition with more than 6,000 signatures and nobel prize winning economist paul krugman says the president should be ready to mint that coin. in theory the treasury would mint the trillion-dollar coin and then walk it over to the
economy. so wouldn't it be just like the current thinking in washington and the cast of characters there if they could mint a coin they could spend that could solve the problem. believe it or not, some serious people are asking, why not? our report tonight from nbc's kevin tibbles. >> one fight down is another taken up. >> reporter: deadlock in washington? again? >> take all the fights we had, and put them all in one fight. >> some are even threatening another government...
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japan announces a bid to jump start the economy. talking about the shard, the s&p 500 at a fresh five-year high. they're up 2,000 posting another record. so can the stocks particular on from here? we'll get the answers from chicago when we come back. >>> ride now, good news out of saudi arabia. the king has allocated a 20% quota for women in shura council. so notable. meanwhile, let's take a look at some of the other stories we're following today. google search results in europe look set for a change. the eu competition commissioner has explained his ongoing investigation into the search engine's practices, saying he's convinced google is profiting byby diverting internet practices to certain businesses. he goes on to say if this is the case, that would mean google is abusing its dominant position. >>> the fight between herballife and bill ackman continues. johnson alleged ackman's claim to give any earnings from the stock to charity was -- instead the company distorted, mischaracterized and ignored large portions of our presentatio
japan announces a bid to jump start the economy. talking about the shard, the s&p 500 at a fresh five-year high. they're up 2,000 posting another record. so can the stocks particular on from here? we'll get the answers from chicago when we come back. >>> ride now, good news out of saudi arabia. the king has allocated a 20% quota for women in shura council. so notable. meanwhile, let's take a look at some of the other stories we're following today. google search results in europe...
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will this middle class tax hike really damage the economy? "the kudlow report" begins right now. >>> first up tonight, a developing story. four democratic senators sent a letter to president obama late this afternoon. they want him to use any means necessary to raise the debt ceiling without republican house spending cuts. that's right. cnbc's eamon javers has the details. >> reporter: let me get right to exactly what that quartet of senators said. in their letter to president obama which was viewed widely as shoring up his left flank in the political debate over the debt ceiling. what they wrote was "we believe you must be willing to take any lawful steps to ensure that america does not break its promises and trigger a global economic crisis without congressional approval, if necessary." now the signers of this letter were harry reid, dick durbin, chuck schumer and patty murray. speaker boehner said "senate democrats cannot ignore their responsibilities for political convenience. and the american people will not tolerate an increase in the d
will this middle class tax hike really damage the economy? "the kudlow report" begins right now. >>> first up tonight, a developing story. four democratic senators sent a letter to president obama late this afternoon. they want him to use any means necessary to raise the debt ceiling without republican house spending cuts. that's right. cnbc's eamon javers has the details. >> reporter: let me get right to exactly what that quartet of senators said. in their letter to...
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flowing into the economy? it's a huge decision. a disgrace it has to go down to the last second but that is what we have gotten used to with this group in washington. >> shepard: we certainly have. thank you. >>> researchers took a close look at junior seaus a brain after hi killed himself, and what they found shows just how much damage his years in the nfl may have done. here we go. my doctor told me calcium is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. >> shepard: the former nfl standout junior seau likely had a degenerative brain disease caused by years of head trauma when he shot and killed himself. according to researchers who studied his brain. the national institutes of health reports the disease is found in athletes who have taken frequent blows to the head. junior seau shot himself in the chest last may and joined a handful of inflame players who committed suicide. researchers found his type
flowing into the economy? it's a huge decision. a disgrace it has to go down to the last second but that is what we have gotten used to with this group in washington. >> shepard: we certainly have. thank you. >>> researchers took a close look at junior seaus a brain after hi killed himself, and what they found shows just how much damage his years in the nfl may have done. here we go. my doctor told me calcium is efficiently absorbed in small continuous amounts. citracal slow...
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it's a real boost for the local economy. there's the final economic reason which finally, like, physicists, like molecular physicist turned attention to cities as theoretical exercises saying what type of urban form causes more productivity and what type of or bon form causes less productivity? those who study it are convinced of what we know if our hearts, which is the reason cities exist is that when we come together when we are productive. it's tenial liesingly difficult to prove that what makes us stronger. ed talks about that a lot. david brooks talks about how when someone gets a patent, they are required to say or asked to say what other patents influenced you. it's always within 25 miles of the patentor. malcolm talks about how the french impressionists were friends, hung out in the same bar, all drank the same absinthe, you know, movements are collective, and they are made by people who are in proximity. people talk about, you know, in europe, if you're in a european capital, you can get five meetings done in a day,
it's a real boost for the local economy. there's the final economic reason which finally, like, physicists, like molecular physicist turned attention to cities as theoretical exercises saying what type of urban form causes more productivity and what type of or bon form causes less productivity? those who study it are convinced of what we know if our hearts, which is the reason cities exist is that when we come together when we are productive. it's tenial liesingly difficult to prove that what...